I had a new blurb go across that Sandler upgraded the stock at 2:30 which probably accounts for the uptick.
That was one of the most exhausting CC that I have listened to. They were grilled on their tax asset benefit (same thing Citi is getting grilled on) today. They were asked about assisted transactions (acquiring deposits or other banks-didnt want to discuss as it was not a place they wanted to go), grilled about the local market, future right offs, raising addl cap, would Cap Gen follow through.
Its really to much to recap. You will do yourself a disservice if you dont listen yourself. Just follow the link in the news release.
By the way, I think if you didnt add this morning you are probably going to be somewhat upset with yourself although the market just might present you with plenty of opportunities so I wouldnt chase.
I will give the mgm team kudos for the call. They didnt dodge questions and they were pretty professional on the call. I would say if you needed a smoke are mirrors guy Hudson could sell snake oil and I mean that as a complement.